STRATEGIC MANAGEMENT W/CONNECT
3rd Edition
ISBN: 9781260040708
Author: Rothaermel
Publisher: MCG CUSTOM
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Chapter 12, Problem 1ESI
Summary Introduction
To determine: The reason why the supervisor asks for change and the actions to be taken.
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A.Based on the case study outline the key reaponsibilities of board directors
B.discuss how the composition of the board can affect its effectivenes.provide examples from the case study to support your analysis
Between the unitary and the two tier structures which one would be the most effective in the running of companies
Case Study
The composition and role of boards.
The board of directors is the corporation's governing body. By law, the board is vested with the
authority to manage the corporation's business and affairs, and the board's members have a
fiduciary responsibility to act in the best interests of the corporation and its shareholders. Boards
are thus collegial bodies in the traditional sense that their members share authority and
responsibility, and have both individual and collective accountability.
Boards typically delegate much of their authority to an executive team that carries out the day-to-
day operations of the corporation's business. However, some board duties cannot be delegated,
and boards vary widely in the extent of their involvement in the business. The board's core
functions typically include selecting, monitoring, advising, and compensating the chief executive;
monitoring the company's financial structure and declaring dividends; deciding on major
transactions and changes in…
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- 6. Describe the need for financial reports for the following stakeholders. a. The Community b. Creditorsarrow_forward5. Explain four differences between the shareholder theory and stakeholder theory with respect to corporate governance. (8 marks)arrow_forward2. Outline the functions of the following board committees. a. Nomination Committee b. Remuneration Committee C. Audit Committeearrow_forward
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- 1.Do you think evidence-based management seems like common sense? 2.Are there circumstances in which evidence-based management might not be the best approach? 3.Could automated evidence-based management ever replace human decision makers? 4.Would you want to work under Jack Welch’s system at General Electric?arrow_forward1.Do you think evidence-based management seems like common sense? 2.Are there circumstances in which evidence-based management might not be the best approach? 3.Could automated evidence-based management ever replace human decision makers? 4.Would you want to work under Jack Welch’s system at General Electric? “Management decisions [should] be based on the best evidence, managers [should] systematically learn from experience, and organizational practices [should] reflect sound principles of thought and analysis.”arrow_forwardDiscuss the Gate Keeper model's relevance in modern communication theory. Explain how the model applies to contemporary information dissemination and the challenges posed by digital media. Use intext-citation and references.arrow_forward
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